The distinction between M1 and M2 has blurred over time because
A) M1 is now larger than M2
B) depositors can transfer funds between accounts so easily
C) the Federal Reserve has defined them less precisely
D) M1 is becoming less liquid
E) banks are offering time deposits
Correct Answer:
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Q2: If you returned a $5 Federal Reserve
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Q32: The Federal Reserve's narrowest definition of money
Q35: The Federal Reserve's narrowest definition of money
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Q37: What proportion of M1 is accounted for
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